Al Maqsad New Capital is a planned city located in the desert area of Egypt, approximately 45 kilometers east of Cairo. The city is expected to be the new administrative and financial center of the country, and will be the largest urban development project in the Middle East.

The project is being undertaken by the Egyptian government in collaboration with the UAE-based Arabtec Construction Company and is expected to cost around $45 billion. The planned city will cover an area of 7,000 square kilometers and will include residential, commercial, and industrial areas.

The city will be home to more than five million people and will include a number of government buildings, hospitals, and universities. It will also feature a large number of shopping malls, recreational facilities, and a theme park.

The project is expected to create around one million jobs and will help to boost the country’s economy. It is also expected to reduce the strain on Cairo’s infrastructure and overcrowding.

The project is expected to be completed in 2026 and will be the first of its kind in the region. It is hoped that the new city will be a hub for innovation and development, and will help to attract foreign investment and encourage tourism.